ISLAMABAD – Cash-strapped Pakistan has established a Central Debt Management Office in light of stern conditions demanded by the International Monetary Fund.
The latest move comes as the global lender shared lists of prerequisite actions and gave a timeframe of three weeks to authorities concerned for implementing all demands ahead of talks on the halted loan programme.
In a notification, the Ministry of Finance confirmed setting up the Central Debt Management Office which aimed at chalking out strategy to manage debt and deal with payments-related problems.
The ministry also mentioned that the latest initiative will help in keeping records of state-run facilities in one place.
Lately, the Washington-based lender linked the revival of stalled loan programme of the cash-strapped country with the completion of all prerequisites within a month time.
The new prerequisite tabled by the global lender includes additional taxation measures and pursuing structural reforms in the remaining period of the Fund program, per reports.
The visit of the IMF monitoring mission has been delayed amid the differences between two sides on fiscal consolidation and its actual decisions, which is increasing Islamabad’s balance of payments difficulties.
KARACHI – Pakistani rupee continues to face blows against the US dollar in the inter-bank market as the deadlock between Islamabad and IMF continues.
During the intraday trading on Tuesday, the local currency dropped against the US dollar, moving down nearly 0.06 percent. Before noon, PKR was being traded at 286.37, with a decline of Rs0.18.
Earlier this week, the embattled rupee faced a setback and it was closed at 286.19 against the greenback in the inter-bank.
The rupee continues to face back-to-back blows amid deadlock between the Pakistani government and the multilateral lender.
KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 228,900 on Tuesday. The price of 10 grams of 24k gold was recorded at Rs197,190.
Likewise, 10 grams of 22k gold were being traded for Rs180,756 while a single tola of 22-karat gold was being sold at Rs 210,832.
Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.
|Lahore||PKR 228,900||PKR 2125|
|Karachi||PKR 228,900||PKR 2125|
|Islamabad||PKR 228,900||PKR 2125|
|Peshawar||PKR 228,900||PKR 2125|
|Quetta||PKR 228,900||PKR 2125|
|Sialkot||PKR 228,900||PKR 2125|
|Attock||PKR 228,900||PKR 2125|
|Gujranwala||PKR 228,900||PKR 2125|
|Jehlum||PKR 228,900||PKR 2125|
|Multan||PKR 228,900||PKR 2125|
|Bahawalpur||PKR 228,900||PKR 2125|
|Gujrat||PKR 228,900||PKR 2125|
|Nawabshah||PKR 228,900||PKR 2125|
|Chakwal||PKR 228,900||PKR 2125|
|Hyderabad||PKR 228,900||PKR 2125|
|Nowshehra||PKR 228,900||PKR 2125|
|Sargodha||PKR 228,900||PKR 2125|
|Faisalabad||PKR 228,900||PKR 2125|
|Mirpur||PKR 228,900||PKR 2125|
Copyright ©2023. Reproduction of this website's content without express written permission from 'Daily Pakistan' is strictly prohibited.